2024 BUSINESS PERSONAL PROPERTY RETURN Form 2 17052 Baltimore, Maryland 21297-1052 TAXPAYERMARYLANDSERVICESSTATEDIVISIONDEPARTMENTP.O. BOXOF ASSESSMENTS AND TAXATION Due April 15th Date Received SECTION I – ALL ENTITIES COMPLETE - [ ] CHECK HERE IF THIS IS AN AMENDED RETURN by Department 1. Check One: [ ] SOLE PROPRIETORSHIP [ ] GENERAL PARTNERSHIP 2. NAME OF OWNER 3. MAILING ADDRESS [ ]Check here if this is a change of mailing address 4. DEPARTMENT ID NUMBER Required in order to correctly credit your account L 5. FEDERAL EMPLOYER IDENTIFICATION NUMBER (9-digit number assigned by the IRS) 6. NATURE OF BUSINESS: 7. TOTAL GROSS SALES Include an email address below to receive important reminders from the Department of Assessments and Taxation SECTION II – ALL ENTITIES COMPLETE A. PLEASE PROVIDE THE ACTUAL, PHYSICAL LOCATION OF ALL PERSONAL PROPERTY IN MARYLAND. P.O. Boxes are not acceptable. [ Check] here if this is a change of location. Street Address/Suite No. City/Town, County & Zip Code B. Is any business conducted in Maryland? C. Fiscal year start date: Fiscal year end date: D. Does the business own, lease, or use personal property located in Maryland? Yes No E. Does the business own, lease, or use personal property, including inventory, located in Maryland with a total [ ] Yes [ ] No Original cost of $20,000 or more? Note: If you answered “No” and you reported property on the previous year’s return or received an assessment, you must complete the Form SD-1 to report the sale, transfer, or disposal of property in 2023. Otherwise, you may proceed to the signature section on page 3. By answering no and signing, you are attesting that the business personal property of this entity has a total original cost that is less than $20,000 on January 1, 2024. F. Does the business own any fully depreciated and/or expensed personal property located in Maryland? [] Yes [] No If yes, is that property reported on this return? []Yes [] No G. Has the business disposed of assets or transferred assets in or out of Maryland during the prior year? []Yes [] No SDAT_PPR Form 2 |
2024 Department ID L Form 2 If you answered yes to Question G, in Section II, please comment in remarks and/or complete Form SD-1, Supplemental Details. REMARKS: SECTION III - ALL BUSINESS ENTITIES COMPLETE 1.Please provide the original cost by year of acquisition. For any furniture fixtures, , tools, machinery and/or equipment not used for manufacturing or research & development: Year A B C D E F G Total Acquired Cost 2023 0 2022 0 2021 0 2020 0 2019 0 2018 0 2017 0 2016 & Prior 0 Totals A-G columns 0 0 0 0 0 0 0 0 Describe property identified in B - G above: 2.Commercial Inventory – Furnish amounts from your most recent Maryland Income TaxReturn. Note: Businesses that need a Trader’s License must report commercial inventory here. Average Monthly Inventory $___________________ Opening Inventory date_______________ Amount $__________________ Closing Inventory date _______________ Amount $ __________________ 3. Supplies Average Cost $ __________________ 4. Manufacturing and/or Research and Development (R&D) $ __________________ SDAT_PPR Form 2 |
Department ID L 2024 Form 2 5. Tools, machinery, and/or equipment used for manufacturing or research and development: State the original cost of the property by year of acquisition. Include all fully depreciated property and property expensed under IRS rules. If this business is engaged in manufacturing / R&D, and is claiming such an exemption for the first time, a manufacturing / R&D exemption application must be submitted within 6 months after the date of the first assessment notice for the taxable year that includes the manufacturing / R&D property. Visit the website https://dat.maryland.gov for an application. If the property is located in a taxable jurisdiction, a detailed schedule by depreciation category should be included to take advantage of higher depreciation allowances. Year Year A C D A C D Acquired Acquired 2023 2019 2022 2018 Total Cost 0 2021 2017 $ 2020 2016 & prior 6. Vehicles with interchangeable Registration and/or Unregistered vehicles :(dealer, recycler, finance company, special mobile equipment, and transporter plates) and unregistered vehicles should be reported here. See specific instructions Year Acquired Original Cost Year Acquired Original Cost 2023 2021 TotalT Cost otal Cost 2022 $ 0 2020 & prior 7. Non-farming livestock: Book Value $ Market Value $ 8. Other personal property: (including Qualified Data Center personal property, see instructions for more information). Total Cost File separate schedule giving a description of property, original cost and the date of acquisition. $ 9. Property owned by others and used or held by the business or lessee or otherwise: File separate schedule showing names and addresses of owners, lease number, description of property, installation date and separate cost in each case. Total Cost $ 10. Property owned by the business, but used by others as lessee otherwise:or File separate schedule showing names and addresses of lessees, lease number, description of property, installation date and original cost by year of acquisition for each location. Schedule should group leases by county where the property is located. Manufacturer lessors should submit the retail selling price of the property not the manufacturing cost. Total Cost $ Taxpayer’s Signature Date Phone Number and E-mail Address Preparer’s Signature Date Phone Number and E-mail Address Name and Address of Preparer If you have questions or comments contact the Please sign and mail the return to Business Personal Property Division Maryland State Department of Assessments and Taxation Phone: 410-767-1170, 888-246-5941 within Maryland Business Personal Property Division Email: SDAT.PersProp@Maryland.gov P.O. Box 17052 Baltimore Maryland 21297-1052 SDAT_PPR Form 2 |